Jump Financial LLC Lowers Stake in LXP Industrial Trust $LXP

Key Points

• Jump Financial LLC reduced its stake in LXP Industrial Trust by 70.5%, selling 56,301 shares and leaving them with 23,564 shares valued at approximately $204,000.
• LXP Industrial Trust achieved an earnings per share (EPS) of $0.16 for the recent quarter, matching analysts' expectations, with revenue of $86.74 million, showing a year-over-year increase of 2.2%.
• The company declared a quarterly dividend of $0.135 per share, resulting in an annualized yield of 5.9%, despite a high payout ratio of 192.86%.

Jump Financial LLC lessened its holdings in LXP Industrial Trust (NYSE:LXP - Free Report) by 70.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,564 shares of the real estate investment trust's stock after selling 56,301 shares during the period. Jump Financial LLC's holdings in LXP Industrial Trust were worth $204,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. EQ Wealth Advisors LLC bought a new stake in LXP Industrial Trust in the first quarter worth $30,000. GF Fund Management CO. LTD. bought a new position in LXP Industrial Trust during the fourth quarter valued at $43,000. Headlands Technologies LLC bought a new position in LXP Industrial Trust during the first quarter valued at $46,000. Brooklyn Investment Group increased its position in LXP Industrial Trust by 276.3% during the first quarter. Brooklyn Investment Group now owns 5,479 shares of the real estate investment trust's stock valued at $47,000 after acquiring an additional 4,023 shares during the last quarter. Finally, Signaturefd LLC increased its position in LXP Industrial Trust by 678.3% during the first quarter. Signaturefd LLC now owns 6,281 shares of the real estate investment trust's stock valued at $54,000 after acquiring an additional 5,474 shares during the last quarter. Institutional investors own 93.52% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wolfe Research initiated coverage on shares of LXP Industrial Trust in a research report on Friday, August 22nd. They set an "outperform" rating and a $10.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $10.33.

LXP Industrial Trust Trading Down 0.3%

LXP stock traded down $0.03 during mid-day trading on Wednesday, reaching $9.04. 1,829,231 shares of the stock traded hands, compared to its average volume of 2,984,921. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.13 and a current ratio of 0.13. LXP Industrial Trust has a one year low of $6.85 and a one year high of $10.32. The stock has a market capitalization of $2.67 billion, a PE ratio of 32.27 and a beta of 1.06. The business has a 50-day moving average price of $8.44 and a two-hundred day moving average price of $8.42.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last issued its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.16. The firm had revenue of $86.74 million during the quarter, compared to analyst estimates of $87.25 million. LXP Industrial Trust had a net margin of 24.07% and a return on equity of 4.34%. The business's revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 earnings per share. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. Equities research analysts expect that LXP Industrial Trust will post 0.63 EPS for the current year.

LXP Industrial Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend was Monday, June 30th. LXP Industrial Trust's payout ratio is currently 192.86%.

LXP Industrial Trust Company Profile

LXP Industrial Trust NYSE: LXP is a publicly traded real estate investment trust (REIT) focused on single-tenant industrial real estate investments across the United States. LXP seeks to expand its industrial portfolio through acquisitions, build-to-suit transactions, sale-leaseback transactions, development projects and other transactions.